What amount will reduce the amount due on an invoice of $2650.12 by $1207.57 if the terms of the invoice are 4/10, n/60 and the payment was made during the discount period? The payment amount is $ (Round to the nearest cent as needed.) ***
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- What amount wil reduce the amount due on an invoice of $1802 34 by 51180 B2 if the terms of the invoice are 4/15, v60 and the payment was made during the discount period? The payment amount is $ (Round the tinal answer to the noarest cent as nooded. Round all intermodiate values to six decimal places as needod)An invoice for $75.20 has terms of 3/10, 1/30, n/60. If you make payment 25 days after the invoice date, what amount should you pay?An invoice shows a total of £3,200 less 2.5% cash discount. If this was paid in time, the amount of the cheque paid would be for? a. £2,960 b. £3,040 c. £3,120 d. £2,800
- Exercise (1.77) You deposit an amount X into an account at time 0 and 2X into the same account at time 3. The account balance at time 5 is 5,000. If the account has earned a 4% annual effective rate, what is the value of X? Answer: 1,479.35Should an organization take a discount of 1.5/10 N/30 on a $9,000 invoice or simply pay the bill when due?An account paying annual compound interest was opened with OMR2,000 10 years ago. Today, the account balance is OMR3,500. If the same interest rate is offered on an account paying simple interest, how much income would be earned each year over the same time period? Select one: O a. OMR150.0o O b.OMR 92.60 O COMR115.20 O d. OMR 80.40 O e. OMR 56.90
- One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $640 per month. You will charge 1.04 percent per month interest on the overdue balance. If the current balance is $14,860, how long will it take for the account to be paid off? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. X Answer is complete but not entirely correct. Number of months 591.60 X3. Suppose $100 was deposited in 2022 into an account that earns 5% interest, compounded annually. At the end of what year would it first be possible to withdraw $350? Show any work; partial credit might not be awarded in the absence of mnemonic notation [e.g., F(P/F, i, n)].If beginning and ending interest receivable were P16,000 and P5,000, respectively. Total interest income for the period amounted to P52,000, how much would be the amount of interest collections for the period?a. P31,000 c. P52,000b. P41,000 d. P63,000
- #5: Interest Payable, beg. 35,000.00; Interest Payable, end 15,000.00; Interest Expense, 75,000.00. The Cash Payment for interest amounted to _________. (Round your answers to the nearest 2 decimal places)1a. Suppose $100 is withdrawn at the end of 2023, emptying an account that earns 5% interest, compounded annually. What amount was deposited when the account was originally opened in 2020? Show any work; partial credit might not be awarded in the absence of mnemonic notation [e.g., F(P/F, i, n)]. Edit Format Table BIUA ev アン||| || 12pt v Paragraph v hp to %, 61 の 004a. Suppose two $100 withdrawals are made, the first in 2022 and the second in 2026, emptying an account that earns 5% interest, compounded annually. What amount was deposited when the account was originally opened in 2020? Show any work; partial credit might not be awarded in the absence of mnemonic notation [e.g., F(P/F, i, n)].